When it comes to trading stocks or cryptocurrencies, you want a company you can trust to handle your account. You want a company that shows integrity and has the skills needed to stay cool under pressure. After all, no matter what you trade, there is always some form of risk that is involved. So you don't want a company that is quick to jump on a trade due to heightened emotions or poor strategies.

But with so many trading platforms out there, which ones should you pick? First, you should look at the integrity of the company you want to work with. The next step is to find out how they trade if they allow you complete control over your account or if they handle all the trades for you. No matter which way you like to trade, you should never go with someone who doesn't have the skills to handle the pressure of an ever-changing market.

With that said the company Omega Pro claims that they make trading easy with no hidden fees. Their site boasts an astounding 16-month period where new accounts do not have to pay any trading fees. Plus, offers the ability to transfer your funds at any time. But who is Omega Pro and should you trust them with your Forex trades?

According to who.is, OmegaPro.world was registered on November 9, 2018, and updated on November 14, 2018. Omega Pro states on “Our Trading” page that the traders on their platform offer more than ten years of experience in Forex trading. They also state that clients that use their services can monitor their accounts from any device that offers internet connection. Their statement shows that Omega Pro controls the trades while clients are expected to trust their judgments and accounts.

Another interesting aspect of Omega Pro is that their website offers an address that is located in London. Contrary to this information, who.is shows the registration is redacted for privacy. But the company holding the register information is from Canada. When looking further into this company, you will find that OmegaPro.world domain was bought from Tucows Inc, a web hosting provider in Germany, the United States, and Canada.

On Omega Pro's website located at the bottom, you will find a London address. This address appears to be a digital post office as there are over 1,400 other companies and persons listed with this exact same address. This information shows that Omega Pro is not working as a traditional company and has no real residency for you to visit. They do offer a generic email address for support, but no phone number to speak with a representative or broker. You are offered a generic “contact us” form to fill out, but there is no telling who you will be speaking with when contacting this company.

Omega Pro offers traders a platform to trade. The site doesn't give any information about products. However, Omega Pro states they offer a trading strategy. The site also clearly says that a client monitors their account through a back office while Omega Traders take care of the actual trading aspect.

Under the “Terms and Conditions” tab of the site, you will get a further account of what Omega Pro offers. When you sign up as a member you are allowed to purchase different trading packages. The price to sign up for membership is free. However, you will find that there is a $29 administration fee for all new members in order to access your back office.

Omega Pro allows its members to become retailers and spread the word about special offers that are available to members. When you sign up as a retailer, you have the opportunity to earn money. However, there is no “compensation plan” that is listed.

First, Omega Pro is not a trading platform in which it advertises on their website. When looking at the “Terms and Conditions” page, you discover that this company is based on recruiting other people into the program. However, there are strict rules when it comes to advertising the company products.

A member cannot advertise using the company name. The only way you can advertise is by crafted material found in the back office of your account. Plus, the company doesn't allow for any cold-pitching or ads. If a member is trying to recruit others into Omega Pro, they can only contact people directly.

The fact that the main webpage states that members get 16 months without having to pay any trading fees. No trading company does this ever. Sure, you will find that some trading platforms allow a new account to get the first 30-days, or even the first 50 trades free of charge to test the platform. But Omega Pro is offering a full year and four months without any fees.

Another major red flag is the amount of time it takes to start trading. The site claims that new accounts will be active right away, but that you can't trade for a week. None of which makes any sense due to the overwhelming evidence that Omega Pro is not really a trading platform.

When it comes to Forex trading, you want a company that is completely transparent. You want to know who you will be working with and what experience they have. It appears by the way Omega Pro's terms and conditions page is presented that those who sign up for membership become the traders. This leaves your account open to poor judgment trades from people who have no clue what they are doing.

To top it off, Omega Pro is not allowed to operate in Afghanistan, Belize, Cuba, Iran, Islamic Republic of Iraq, North Korea, USA, South Sudan, and Syria. The fact that they prohibit these countries from participating shows that Omega Pro is in violation of brokerage laws that are regulated in these countries. Plus, if you accidentally signed up, the company does not offer any refunds whatsoever.

So, to put things in clear terms, Omega Pro is a site that uses Forex trading as a means to lure people in. The company wants people to think they are a trading platform. However, there is no indication that Omega Pro actually trades on the market despite their claim of using sophisticated technology.

All in all, Omega Pro is a company that you stay away from. There is nothing that indicates that it is a legit platform. All the information about the company is hidden behind the sign-up wall and you don't know what kind of products you will be selling until you enroll. Steer clear of Omega Pro and find a different company that is respectable to trade with.

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